Retail News India

PE funding to double Lilliput's retail space

June 29, 2010
/ 2 min read

One of India's leading kidswear brands Lilliput is all geared up to

One of India’s leading kidswear brands Lilliput is all geared up to double its retail space this fiscal with the investment of about Rs 175 crore. The funds are provided by the private equity firm Bain Capital and TPG Growth.

The company is planning to open around 70 stores across the country and four stores in West Asia Abu-Dhabi, Dubai, and Kuwait. The company is also looking to introduce its new range of ‘Everyday Essential’ which is children’s casual wear, in September at a starting price of Rs 125.

The company is eyeing a turnover of Rs 625 crore this fiscal, in comparison to Rs 415 crore last year with the help of the new store launches. The kidswear is planning to double the retail space from 2,35,00 sq ft to 4,50,000 sq ft. Twenty stores of Lilliput World are also lined up for tier I, II and III cities including Delhi, Mumbai, Jalandhar, Amritsar, Jaipur, Pune, Guwahati, Jodhpur.